IGM Financial (TSE:IGM) Price Target Raised to C$48.00

IGM Financial (TSE:IGM) had its price objective lifted by BMO Capital Markets from C$47.00 to C$48.00 in a research note published on Monday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on IGM. CIBC increased their price target on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. Jefferies Financial Group increased their price target on IGM Financial from C$39.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, November 1st. National Bankshares increased their price target on IGM Financial from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Securities increased their price target on IGM Financial from C$46.00 to C$50.00 in a report on Monday, November 11th. Finally, Scotiabank increased their price target on IGM Financial from C$53.00 to C$56.00 in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, IGM Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$50.29.

IGM Financial Trading Up 0.7 %

Shares of IGM stock opened at C$44.60 on Monday. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$47.96. The company has a debt-to-equity ratio of 35.99, a current ratio of 2.12 and a quick ratio of 0.31. The stock’s 50 day simple moving average is C$45.78 and its two-hundred day simple moving average is C$42.81. The company has a market cap of C$10.55 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.